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    Revvity Inc (RVTY)

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    Revvity, formerly known as PerkinElmer, is a leading provider of health science solutions, technologies, expertise, and services that deliver complete workflows from discovery to development, and diagnosis to cure . The company operates through two main segments: Life Sciences and Diagnostics, offering a range of products including instruments, reagents, software, and services . Revvity's revenue is nearly evenly split between these segments, with a significant portion being recurring in nature .

    1. Life Sciences Segment - Provides products and services targeted towards life sciences customers, focusing on preclinical research and development. Includes sales of instruments, reagents, software, subscriptions, detection and imaging technologies, extended warranties, training, and services .

    2. Diagnostics Segment - Develops diagnostics, tools, and applications focused on clinically-oriented customers, particularly in reproductive health, emerging market diagnostics, and applied genomics. Generates revenue from instruments, solutions, consumables, reagents, and services, with significant growth driven by immunodiagnostics and reproductive health businesses .

    NamePositionExternal RolesShort Bio

    Prahlad Singh

    ExecutiveBoard

    President and Chief Executive Officer

    None

    Joined RVTY in May 2014; became CEO in December 2019. Transformed RVTY's portfolio and achieved strong financial results.

    View Report →

    Anita Gonzales

    Executive

    Vice President and Controller

    None

    Joined RVTY in March 2021. Promoted to Controller in May 2023. Extensive experience in accounting and auditing from GE and PwC.

    Daniel R. Tereau

    Executive

    Senior Vice President, Strategy and Business Development

    None

    Joined RVTY in April 2014. Leads strategy and business development. Previously held leadership roles at Novartis and Thermo Fisher.

    Joel S. Goldberg

    Executive

    Senior Vice President, Administration, General Counsel, and Secretary

    None

    Joined RVTY in July 2008. Oversees legal, compliance, and administrative functions. Expertise in M&A and corporate governance.

    Maxwell Krakowiak

    Executive

    Senior Vice President and Chief Financial Officer

    None

    Joined RVTY in October 2018; became CFO in August 2022. Led global finance transformation and financial planning.

    Miriame Victor

    Executive

    Senior Vice President and Chief Commercial Officer

    None

    Joined RVTY in October 2014. Consolidated commercial operations and led product commercialization efforts.

    Tajinder Vohra

    Executive

    Senior Vice President, Global Operations

    None

    Joined RVTY in October 2015. Oversees global operations, including manufacturing and supply chain. Expertise in lean manufacturing.

    Alexis P. Michas

    Board

    Non-Executive Chairman of the Board

    Managing Partner at Juniper Investment Company; Chairman at BorgWarner; Board Member at AstroNova, Theragenics, and Athens College.

    Director since 2001; became Non-Executive Chairman in December 2019. Extensive private equity and corporate governance expertise.

    1. Given that your Life Sciences Instrumentation business is expected to decline mid-single digits in Q4 and Applied Genomics is projected to be flat, what specific steps are you taking to address these challenges and return these segments to growth?

    2. Your reagents business grew mid-single digits while peers in the RUO antibodies market are still down; can you elaborate on what's driving your better-than-peer performance in reagents and how sustainable is this outperformance considering both biopharma and academic customers were down low single digits?

    3. With the majority of your reagents focused on the preclinical side and considering ongoing pipeline rationalizations and cuts from large pharma, how exposed are you to potential reductions in preclinical R&D spending, and what strategies are you implementing to mitigate this risk?

    4. You mentioned that instrument normalization is not happening as quickly as anticipated and recovery is slower; given these challenges, how confident are you in your forecast for similar reagent volumes in Q4, and what indicators support your outlook for market stabilization or recovery?

    5. Despite peers flagging incremental headwinds in China immunodiagnostics, you've reported mid-single-digit growth and noted that your business is different; can you explain what differentiates your immunodiagnostics business in China and how you plan to sustain growth amid potential market headwinds?

    Program DetailsProgram 1Program 2
    Approval DateApril 27, 2023October 24, 2024
    End Date/DurationTerminated on October 24, 2024Expires on October 23, 2026
    Total additional amount$600 million $1.0 billion
    Remaining authorization amount$0 Not specified
    DetailsNo shares remain available for repurchase due to termination Some shares have already been repurchased
    YearAmount Due (in millions)Debt TypeInterest Rate (%)% of Total Debt
    2024$1.045 Other Debt Facilities, current N/A0.03% = (1.045 / 3,186.744) * 100
    2026$557.9 €500,000 Principal 1.875% Senior Unsecured Notes 1.875 17.5% = (557.9 / 3,186.744) * 100
    2028$500.0 1.900% Senior Unsecured Notes 1.900 15.7% = (500.0 / 3,186.744) * 100
    2029$850.0 3.3% Senior Unsecured Notes 3.300 26.7% = (850.0 / 3,186.744) * 100
    March 2031$400.0 2.55% Senior Unsecured Notes 2.550 12.6% = (400.0 / 3,186.744) * 100
    September 2031$500.0 2.250% Senior Unsecured Notes 2.250 15.7% = (500.0 / 3,186.744) * 100
    2051$400.0 3.625% Senior Unsecured Notes 3.625 12.6% = (400.0 / 3,186.744) * 100
    NameStart DateEnd DateReason for Change
    Deloitte & Touche LLP2002 PresentCurrent auditor

    Notable M&A activity and strategic investments in the past 3 years.

    CompanyYearDetails

    Unnamed Business 1

    2022

    Completed in Q1 FY 2022, this acquisition was part of a combined deal with another business for an aggregate purchase price of $13.5 million; it brought in core technology with a 5-year average amortization period and recorded contingent consideration obligations of $49.8 million with a potential of up to $111.3 million.

    Unnamed Business 2

    2022

    Completed in Q1 FY 2022, this acquisition was executed alongside Unnamed Business 1 as part of the $13.5 million total deal; it included acquiring intangible assets such as core technology with a 5-year amortization period and had contingent consideration obligations of $48.6 million, with a maximum potential payment of $106.6 million.

    Recent developments and announcements about RVTY.

    Earnings

    • New Earnings (Q4 2024)

      ·
      Jan 31, 2025, 4:11 PM

      RVTY’s Q4 shows robust 6% Diagnostics growth and mid-single-digit Reagents outpacing peers, but Life Sciences Instruments remain weak amid soft CapEx. Management assumes the current environment continues into 2025, limiting upside and margin expansion.

      View full earnings summary →